Reported 4 months ago
Global factory activity in May indicated signs of recovery, with the euro zone and most of Asia's largest economies showing improvement in manufacturing, while the U.S. experienced a slowdown for the second consecutive month. Despite weaknesses in the U.S., the overall global business sentiment suggests a more solid momentum in the global economy, leading central banks to hold off cutting interest rates. The euro zone's manufacturing sector also indicated signs of improvement as Germany and France showed signs of bottoming out. Asian manufacturing, on the other hand, expanded with Japan and South Korea experiencing growth, providing a positive outlook for economic growth in the region.
Source: YAHOO